Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Update

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 178,026 shares, a drop of 34.5% from the May 14th total of 271,589 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,966,694 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FENY. Deutsche Bank AG acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth approximately $25,000. Principia Wealth Advisory LLC grew its stake in shares of Fidelity MSCI Energy Index ETF by 2,961.0% during the 4th quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after purchasing an additional 1,214 shares during the period. Allworth Financial LP grew its stake in shares of Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after purchasing an additional 501 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth approximately $49,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter worth approximately $54,000.

Fidelity MSCI Energy Index ETF Stock Down 0.8%

Shares of NYSEARCA FENY traded down $0.25 during midday trading on Tuesday, reaching $30.60. 800,453 shares of the stock were exchanged, compared to its average volume of 3,993,068. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 15.17 and a beta of 0.42. Fidelity MSCI Energy Index ETF has a twelve month low of $23.23 and a twelve month high of $35.26. The firm has a 50-day simple moving average of $32.18 and a two-hundred day simple moving average of $29.71.

Fidelity MSCI Energy Index ETF Company Profile

The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.